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10/04/2013
Ex-Chief Of Failed Bank Asks To Return Knighthood
Following a critical report into the collapse of HBOS during the financial crisis, former chief executive Sir James Crosby has asked for his knighthood to be removed, will forgo 30% 30% of his £580,000-a-year HBOS pension and has resigned as a non-executive director of Compass Group.
Sir James, who served as chief executive at HBOS between 2001 and 2006, was described by the Banking Standards Commission report as the "architect" of the strategy that led to the banks downfall.
His request will now be considered by a Whitehall honours committee.
(H/CD)
Sir James, who served as chief executive at HBOS between 2001 and 2006, was described by the Banking Standards Commission report as the "architect" of the strategy that led to the banks downfall.
His request will now be considered by a Whitehall honours committee.
(H/CD)
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05 April 2013
Call To Ban HBOS Bank Bosses
The Banking Standards Commission has said financial regulators should consider banning three top HBOS bankers from future roles in the financial sector. The Parliamentary Commission on Banking Standards said former chairman Lord Stevenson, as well as past Chief Executives Sir James Crosby and Andy Hornby, were to blame for the collapse of the bank.
Call To Ban HBOS Bank Bosses
The Banking Standards Commission has said financial regulators should consider banning three top HBOS bankers from future roles in the financial sector. The Parliamentary Commission on Banking Standards said former chairman Lord Stevenson, as well as past Chief Executives Sir James Crosby and Andy Hornby, were to blame for the collapse of the bank.
18 November 2009
Archie Norman Is New ITV Chairman
ITV has announced that Archie Norman has been appointed as the broadcaster's new boss. Mr Norman, a former Conservative politican and the Asda Chief Executive - who is credited for turning the supermarket chain's fortunes around in the 1990s - will take over the post from Michael Grade, who is stepping down, in January 2010.
Archie Norman Is New ITV Chairman
ITV has announced that Archie Norman has been appointed as the broadcaster's new boss. Mr Norman, a former Conservative politican and the Asda Chief Executive - who is credited for turning the supermarket chain's fortunes around in the 1990s - will take over the post from Michael Grade, who is stepping down, in January 2010.
11 February 2009
Former HBOS Boss Steps Down From FSA
City watchdog boss Sir James Crosby has resigned from his high profile deputy chairman post. Sir James, who helped head up the Financial Services Authority, has came under close scrutiny over his alleged failure to respond to risk warnings while Chief Executive of HBOS. He was the bank's boss between 2001 and 2006.
Former HBOS Boss Steps Down From FSA
City watchdog boss Sir James Crosby has resigned from his high profile deputy chairman post. Sir James, who helped head up the Financial Services Authority, has came under close scrutiny over his alleged failure to respond to risk warnings while Chief Executive of HBOS. He was the bank's boss between 2001 and 2006.
19 July 2012
Co-op Buys Lloyds Bank Branches
Terms have been agreed for the Co-op to buy 632 branches of Lloyds TSB and Cheltenham and Gloucester. The Co-operative Group will pay Lloyds Banking Group £350m upfront and up to an additional £400m based on the performance of the combined business. European regulators demanded the sale after Lloyds bought HBOS during the financial crisis.
Co-op Buys Lloyds Bank Branches
Terms have been agreed for the Co-op to buy 632 branches of Lloyds TSB and Cheltenham and Gloucester. The Co-operative Group will pay Lloyds Banking Group £350m upfront and up to an additional £400m based on the performance of the combined business. European regulators demanded the sale after Lloyds bought HBOS during the financial crisis.
10 February 2009
Bank Bosses Offer 'Profound Apologies' For Crisis
Ex top bankers blamed for Britain's financial crisis have apologised for their role in the disaster. All four bankers appeared before the Treasury Select Committee, and started their evidence with apologies for the "turn of events" which led to the banks being bailed out by the Treasury.
Bank Bosses Offer 'Profound Apologies' For Crisis
Ex top bankers blamed for Britain's financial crisis have apologised for their role in the disaster. All four bankers appeared before the Treasury Select Committee, and started their evidence with apologies for the "turn of events" which led to the banks being bailed out by the Treasury.
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